P: A201, A202. Provides students with a thorough understanding of the
theoretical foundations underlying financial reporting, revenue
recognition, and the matching of expenses; financial statement
presentation; and accounting for assets. The course's primary objective
is to give students the tools necessary to understand and execute
appropriate accounting procedures. Another goal is to help students
understand the process through which accounting standards are determined
and to evaluate the outcomes of that process from the perspectives of
managers, shareholders, auditors, and others. Students will learn to
assess competing accounting theories and methods from multiple
perspectives.